Treasury must take on the task of ensuring the greatest value for money in terms of delivering on overall policy objectives.
Producing a budget in a country with interest groups as divergent as ours is a difficult task. This week’s budget was a fine example of National Treasury holding the line amid immense pressure. My congratulations to Finance Minister Enoch Godongwana for a maiden Budget that has helped repair trust in government’s financial management. Through the state capture years, the overall budget went in the wrong direction. Spending far exceeded revenue consistently from 2008, resulting in rapidly rising debt levels to the point where ratings agencies took fright and downgraded our debt to j...
Source: polity.org.za
